Category Archive: Finance, No picture
EUR/USD Falls As Italy Drives Euro Risk Aversion Ahead Of Q3 Close
EURO BEARS PERSIST INTO Q3 CLOSE It’s been a busy end to Q3 so far, and perhaps that’s fitting for a quarter that’s been marked by fits and starts of risk aversion around a number of themes. At this stage, we’re seeing fresh fears enter European markets around Italy, and this was the same driver of […]
Tesla Shares Crash After Musk Turns Down Offer To Settle SEC Fraud Suit
Shares of Tesla (TSLA) dropped in morning trading following news that the U.S. Securities and Exchange Commission is suing Chief Executive Officer Elon Musk for fraud. The suit is related to Musk’s August tweet that stated he was “considering taking Tesla private at $420” and already had “funding secured.” The SEC said in its suit […]
E Micron Is Inexpensive, Despite Producing Compelling Growth Rates
Micron (MU) is a semiconductor company that is a member of the S&P 500 index. It is one of the companies with a low PEG (price-to-earnings-to-growth) ratio, and thus one of the stocks Peter Lynch may have invested in. Company Overview Micron, which was founded in 1978, and which is headquartered in Boise, ID, is […]
Mob Hit: Italian Assets Whacked In Bloody Friday Rout
It’s not terribly surprising that the market is aghast at the utter lack of regard for decorum Italy’s populist leaders demonstrated on Thursday when they announced their budget deficit target. What is a bit surprising though, is just how hard Italian assets were hit on Friday considering this really wasn’t difficult to see coming. The […]
Bull Of The Day: Aspen Technologies (AZPN)
Based in Bedford, MA, Aspen Technologies (AZPN – Free Report) is a company that provides process optimization software solutions. One of its primary products, aspenONE, is a software that has been developed specifically for companies in the broad process industries like energy, chemicals, engineering, and construction. AspenTech’s performance in its recent fourth quarter was strong. Earnings of 59 cents […]
Another Brick In The Wall
The walls are closing in on the oil bears. Underestimations of current oil demand, as well as overestimation of shale oil production potential, has left the oil market short of supply. While oil bears hope that estimations of lower economic growth going forward will slow demand, the reality is that it will continue to grow. […]
PCE Price Index: August Headline & Core – Friday, Sept. 28
The BEA’s Personal Income and Outlays report for August was published this morning by the Bureau of Economic Analysis. The latest Headline PCE price index was up 0.11% month-over-month (MoM) and is up 2.22% year-over-year (YoY). The latest Core PCE index (less Food and Energy) came in at 0.04% MoM and 1.96% YoY. Core PCE remains below […]
Japan Focus: Positive Earnings Power
Japan is not a value trap. Against a backdrop of very attractive equity valuations—at 13.7x, the TOPIXprice-to-earnings (P/E) multiple has dropped back to the lowest 5% level reported over the past decade —the trigger for upside performance must come from positive earnings surprises. Our analysis suggests the probability of a sharp positive inflection in earnings visibility is about […]
Market Outlook Sees Treasury Yields Continuing To Trend Higher
The prospect of more interest-rate increases in the absence of rising inflation, based on the Federal Reserve’s latest forecast, strikes some as unnecessarily risky for the economy. But for good or ill, the central bank remains on track to lift rates further and the Treasury market (still) expects no less after the 25-basis-point increase from […]
JPMorgan Sees ‘Number Of Negative Implications’ For Tesla Shares From SEC Suit
JPMorgan analyst Ryan Brinkman reiterates an Underweight rating on Tesla with a $195 price target after the Securities and Exchange Commission filed a complaint Thursday alleging that its CEO Elon Musk violated federal securities law by making a series of false and misleading statements. The stock in premarket trading is down 12%, or $37.82, to […]
